Latest: Fintech News
Tech rally gains momentum after a report Nvidia has asked Foxconn to suspend work on the most advanced chip it is allowed to sell in China
Six-month study in the US finds that 95% of generative AI projects aimed at lifting businesses' revenue growth have fallen flat
Trump is back on TikTok, via an account set up by his PR team, despite no deal with Beijing yet on selling the video-sharing app's US operations
Beijing has been pressing the solar sector to cut 'outdated production capacity' after companies lost about $40 billion last year
Billionaire Masayoshi Son backs his long-time ally Lip-Bu Tan, now Intel CEO, with $2bn share investment amid push for huge data centre venture with OpenAI in the US
AI pioneer Sam Altman says the money being thrown at some players in the industry is 'insane' and 'not rational'
Asian tech giants say they will make data centre equipment in a factory in Lordstown, as part of the huge Stargate AI project
Chinese manufacturers' profits face subdued demand and factory-gate deflation at home, while new yuan loans contracted in July for the first time in 20 years
Giant US hedge fund sold its entire holdings in about 16 Chinese stocks and two China-focused funds between April and June. Move puts a spotlight on concern about China stocks listed in the US
Foreign ministry hoses down concern over rocky bilateral ties, says purchases of US arms are still on course, despite differences on Russian oil and other issues
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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